Who Invented the Income Tax?

Answer The income tax was invented by the Italians in 1427. It was mandatory for all heads of household in Florence to officially state their income, list their properties and provide a count of those liv... Read More »

Top Q&A For: Who Invented the Income Tax

When was federal income tax invented?

Federal income taxation began in 1862. The Union’s overwhelming debt from the Civil War prompted Congress to instate a two-tiered tax structure. A 3-percent tax was imposed on people who made l... Read More »

Stratification of High Income, Middle Income and Low Income Nations?

The World Bank uses a system of classification of all countries' economies by income for analytical purposes. The main classification criteria is gross national income (GNI) per capita, with every ... Read More »

What type of tax is one that takes a smaller percent age of income from high-income people than from low-income people?

Probably a regressive tax, but also unfair, immoral, and probably Republican written.

At what income does a minor have to file an income tax return?

As of the 2009 tax year, if a minor has gross income of more than $9,350, she must file income taxes. Gross income is the total amount of taxable income the child earns during the year. If the mino... Read More »